Miyake, Masatoshi; Inoue, Hiroshi; Shi, Jianming; … - In: International Journal of Information Technology & … 13 (2014) 06, pp. 1211-1227
In pricing for European option Black–Scholes model has been widely used in various fields in which the model can be applied under appropriate conditions. In this paper, we discuss a binary option, which is popular in OTC (Over the Counter) market for hedging and speculation. In particular,...